Ultimus Fund Solutions Surpasses $50 Billion in Assets Serviced

One of Many Achievements for the Firm in 2016

January 09, 2017 09:15 AM Eastern Standard Time

CINCINNATI--(BUSINESS WIRE)--Ultimus
Fund Solutions®, LLC (Ultimus®) is proud to
announce that it has surpassed $50 billion in client assets serviced.
Throughout the milestone year of 2016, Ultimus helped 11 advisors launch
15 new mutual funds, in addition to managing the conversion of 12
clients with 36 mutual funds and over 50 separately managed accounts and
private funds from other service providers.

“Ultimus enjoyed an incredible year of growth,” commented Bob
Dorsey, CEO and Managing Director of Ultimus. “We began the year
with the extraordinary transition of the former Huntington Asset
Services (HASI) book of business onto our service platform, which
included services to collective investment funds and other pooled
vehicles. In addition, we experienced robust growth from mutual funds
converting from other service providers and mutual fund startup
opportunities.”

Ultimus continued to build upon its deep bench strength of industry
professionals with a number of key hires, many at management-level
positions. Furthermore, the firm added a number of experienced
professionals from the HASI acquisition. In aggregate, Ultimus finished
2016 with a 30% increase in staff at the senior management level,
including the acquisition and external hires. Thanks to a considerable
number of experienced hires and additions from HASI, Ultimus’ senior
management continues to maintain an industry experience average of more
than twenty-two years.

Commenting on other achievements for Ultimus, Mark
Seger, President and Managing Director, noted, “Not only did Ultimus
surpass $50 billion in assets served, but through the loyal patronage of
our clients and the daily service efforts of our professional team, we
once again topped Global Custodian’s Annual Mutual Fund Administration
Survey in all eight service categories.” In addition, Seger declared,
“We also achieved significant growth in our middle office services to
advisors as well as our collective investment fund business.”

In looking ahead to 2017, Gary
Tenkman, COO and Managing Director of Ultimus, said, “Ultimus will
remain focused on providing a high quality set of services to advisors
in the marketplace, including our commitment to new fund managers
through our four multi-series trusts, assisting advisors that want to
grow their institutional SMA presence, and providing support for
in-demand structures such as common and collective funds.” Tenkman also
stated, “Our goal is to be the provider of choice for advisors wishing
to expand the distribution of their strategies via mutual funds and
other pooled vehicles.”

Ultimus’ middle office service solution for separately managed accounts
and private funds encompasses managing the technology infrastructure and
operations required to manufacture the data needed for front office
decision support platforms, enabling delivery of detailed reporting to
advisors, investors, and regulators. Ultimus’ comprehensive services are
performed by teams of accountants, attorneys, paralegals and other
professionals with a wealth of financial services experience. For more
information, visit www.ultimusfundsolutions.com.